, hope you're off to a good thursday, i'm jenna lee. jon: and i'm jon scott, we're here in the fox newsroom, and "happening now," buying time on the debt crisis. the obama administration signaling it is open now to a short-term deal that would raise the debt ceiling. only, though, if congressional leaders can agree on a, quote, significant deficit reduction plan. the short-term deal would give congress time to pass a larger plan and avert possible government default august 2nd, but right now 12 days from that deadline, there is no deal on anything. jenna: ifs and maybes. in the meantime, fox news poll showing 60% of americans would vote against raising the debt limit. the showdown over the future of america's financial security come against, well, another reminder of the grim economic reality we're all facing. jon: those new weekly jobless claims just out today came out higher than expected, 418,000 americans filing for first-time unemployment benefits. wendall goler live at the white house right now, explain the president's offer for this short-term extension of the debt ceiling.